Foreclosure is a very touchy topic during this economy these days. Our political figures are strategizing the best they can in order to effectively resolve this crisis in a positive, equal, and just way. Furthermore, it is forcing Americans to compete against immigrants. This current crisis is weakening our social structure which is completely deteriorating the souls of America’s determined, over achieving, loving, and prideful citizens. The sooner the government realizes that this crisis will get worse before it gets better (www.foreclosure.com/education/scholarship/index.html#form), the sooner the foreclosure crisis will end.
Speaking of putting an end to things, that is just what foreclosure does. According to Investor Words online, the legal process by which an owner's right to a property is terminated, usually due to default, is foreclosure’s proper connotation defined properly(www.investorwords.com). Foreclosure typically involves a forced sale of the property at public auction, with the proceeds being applied to the mortgage debt(www.investorwords.com). In result, foreclosure puts an end to American citizens’ hard earned dreams. In addition to the existing crisis of foreclosure American’s are experiencing a very challenging and volatile period in real estate because of the current recession that has hit homeowners everywhere very hard (www.foreclosure.com/education/scholarship/index.html#form). Overall this foreclosure crisis has to end swift and with less chaos in order to resolve the issue at its source.
While the immigrants are not the primary source of the issue it is tremendously affecting the lives of America’s law abiding citizens. Research has conveyed that 2.3 million mortgages are held by immigrants, but other research deemed 5 million of those are accounted for by immigrants (www.mediamatters.org/print/research/200810100018). It is apparent that the statistics are inaccurate to a certain extent, which leaves probable cause of misinterpretation or improper mortgage documentation pertaining to immigrants who may be legal or illegal. Congressman Tom Tancredo said he had 10,000 illegal alien foreclosures in his congressional district alone (www.mediamatters.org/print/research/200810100018). In other words a certain percentage may have resultantly contributed, in part, to the housing crisis that has led to the recent failure in the financial markets. So whether these are fact or fiction there lays some truth to it.
To further the current immigration issue at hand, the government should place their very own citizens before any immigrant whether legal or illegal in an equal matter. America is obligated to abide by the constitution to treat everyone as an equal by allowing freedom. It may seem unorthodox, but desperate times call for desperate measures. Besides America has enough rights in order to take a leap of faith.
This leap of faith will be one that uplifts, transforms, thus fore prevailing. Focusing on...